FT News Briefing Poland versus the EU
Oct 27, 2021
Major companies like Robinhood face challenges as earnings disappoint, while Alphabet exceeds expectations. The podcast dives into Poland's turbulent relationship with the EU, highlighting tensions over migration, LGBTQ rights, and judicial reforms. It discusses Poland's fierce resistance to EU authority and explores how national sovereignty complicates legal battles. Despite the friction, the podcast suggests Poland's continued support for EU membership remains strong, raising questions about its future role in Europe.
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Robinhood's Volatility
- Robinhood's rapid growth makes sustaining its performance challenging.
- Their revenue from cryptocurrency trading dropped significantly, yet it's still up from last year.
Alphabet's Mixed Results
- Alphabet's Q3 profits beat expectations, driven by ad revenue from increased search traffic, especially travel-related.
- Google's cloud division underperformed, yet the company benefited from its own data trove, unaffected by Apple's privacy changes.
UK Budget Process
- The UK budget process is unique, secretive, and finalized quickly compared to other countries.
- Politics heavily influences the budget's direction, balancing fiscal discipline with future electoral prospects.